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Seaboard Corp., a diversified agricultural and shipping company, said its marine division had operating income of $104.2 million in 2007 compared to $106 million in 2006. Marine sales for 2007 were $822.2 million versus $741.6 million in 2006. The company said results reflected higher cargo volumes because of continued favorable economic condition...
There are no immediate plans to extend the Asia/U.S. West Coast vessel sharing agreement announced on Friday by the world抯 three largest container-shipping firms, according to senior managers at Maersk Line and CMA CGM. Over the next couple of months the Danish and French companies will partner with Swiss carrier Mediterranean Shipping Co. with each l...
Indian exporters fed up with high ocean transportation rates have turned to their nation's Competition Commission to sort out antitrust privileges enjoyed by ocean carriers serving Indian ports. A report Friday in the Economic Times said tariffs charged by the 13 member lines of the India Pakistan Bangladesh Ceylon Conference are at the center of the ...
The European Union and China will Saturday open up their maritime transport markets to each other as an agreement signed in late 2002 becomes active. The maritime agreement, signed in Brussels on Dec. 6 2002, will allow for free access to cargoes and cross trades, unrestricted access to and non-discriminatory treatment in the use of ports and auxili...
China has officially overtaken the United States as India's largest trading partner, according to the Indian government's Economic Survey released this week. The survey, covering April to October last year, showed the volume of trade between the Asia giants is now $150 million higher than two-way trade between India and the United States. That's a hug...
Japanese ocean carrier K Line said Friday that it has signed an agreement with Glovis Co., Ltd., a Seoul-based logistics subsidiary of Hyundai Motor Co., for a 20-year consecutive voyage charter contract. Starting from 2012, K Line will use a dedicated very large ore carrier to transport iron ore consigned to Hyundai Steel Co. from the western coast o...
Maersk Oil Qatar AS has awarded two contracts to a joint venture of Euronav NV and Overseas Shipholding Group for the provision of Floating Storage and Offloading (FSO) services on the Al Shaheen field offshore Qatar. Euronav said confidentiality obligations mean it can only disclose that the eight-year contracts will be carried out by two 442,000-dea...
Tanker company Overseas Shipholding Group reported fourth quarter net profit of $21 million, down from $113.2 million in the same 2007 period. Fourth quarter revenue was $276.8 million versus $259.8 million the prior year. For all of 2007, the company had profit of $211.3 million, down from $392.7 million in 2006. Revenue improved to $1.13 billion...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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